10/28/2021
The new UK Long-Term Asset Fund
The FCA will be consulting in the first half of 2022 on the potential for widening the distribution of the LTAF to a broader range of retail investors.
Legal, Regulation & Compliance
10/28/2021
Criminal network dismantled in Lithuania; the UK and Ireland
The investigation revealed street dealers operating in the UK and Ireland, who were nearly all Lithuanians.
10/28/2021
UK regulators pledge to embed climate change reports into all aspects of policy
Doing so creates opportunities for UK companies and consumers, as well as helping address climate change.
10/28/2021
EU says more time needed to put in place bank capital rules
Brussels delays until 2025 the implementation of final phase of Basel III reforms
10/27/2021
FCA statement on Liverpool Victoria
The FCA will continue to scrutinise LV’s proposals and activities should the court confirm that the member vote can be convened as planned.
10/27/2021
How to navigate the regulatory and compliance landscape when doing business in the Netherlands
Stricter compliance regulations are widespread across Europe and companies need to be fully aware of the consequences of falling short of these higher compliance standards in financial terms – but also in harder-to-measure reputational damage.
10/26/2021
A new authorised fund regime for investing in long term assets
We set out our rules that enable open-ended funds to invest more efficiently in long-term illiquid assets.
10/26/2021
FCA finalises rules for a new type of fund designed to invest efficiently in long-term assets
Sophisticated investors and pension funds are among those who will have access to new types of investment opportunities following changes made by the Financial Conduct Authority.
10/26/2021
New version of SFDR RTS published on Friday
This briefing sets out a few initial items relevant for implementation that have changed since the March Taxonomy RTS.
10/26/2021
UK government sets out plans for regulation of buy now pay later sector
The consultation covers goods bought under unregulated BNPL agreements between a customer and a retailer
10/26/2021
UK Financial Regulator Raises No Objection to Bain’s Acquisition of Insurer LV=
A report by an All-Party Parliamentary Group of lawmakers said in April that it is very difficult for an LV= member to assess if demutualisation is in their best interests or not.
10/26/2021
Financial Regulation: Daily Update
The Department of Work and Pensions is expected to consult on regulations relating to pensions dashboards this winter, with the regulations coming into force later in 2022.
10/25/2021
ECB urged to tighten trading rules for policymakers
The Fed on Thursday banned individual stock purchases by its top officials and unveiled other restrictions after an uproar over trades made in 2020, when the U.S. central bank intervened to stop a collapse in financial markets as the pandemic raged.
10/25/2021
FCA finalises fund framework to spur investment into riskier assets
The new long term asset fund will require investors to give at least 90 days' notice before making withdrawals
10/25/2021
Financial Regulation: Daily Update
The final rules on the LTAF regime aim to support investment in long-term assets, including venture capital, private equity, private debt, real estate and infrastructure.
10/25/2021
Financial Services and Banking News
FCA Handbook Notice No 92
10/24/2021
Financial Regulation: Daily Update
The FCA intends to publish a third policy statement by the end of 2021.
10/24/2021
Climate Financial Risk Forum Guide 2021 - Managing legal risk
There is also an excellent Climate Data and Metrics report which was driven by Impax and Willis Towers Watson which shares key insights from thematic work across the Forum and applies these insights to an illustrative climate disclosure dashboard.
10/24/2021
Investment Firms Prudential Regime final rules published
It will refocus requirements and expectations away from the risks that firms face, to also consider and look to manage the potential harm firms can pose to consumers and markets.
10/22/2021
Changes to SPACs regulation will impact European tech M&A
That is changing, though, with several countries, including the UK, embracing reform in the hope of encouraging greater investment to enable innovative businesses to grow.